North America Meditation Market is likely to surpass US$7,305.29 Million Revenues by 2029
Data Bridge Market Research Published Latest North America Meditation Market Study by in-depth analysis about current scenario, the Market size, demand, growth pattern, trends, and forecast. This report on the study considers important factors such as an analysis of the market, a definition of the market, market segmentation, significant trends in the industry, an examination of the competitive landscape, and research methodology.
North America meditation market is expected to gain significant growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the North America meditation market is growing with a CAGR of 17.7% in the forecast period of 2022 to 2029 and is expected to reach USD 7,305.29 million by 2029 from USD 1,992.85 million in 2021. Rising healthcare expenditure and escalation in innovation and technologies are major drivers which are expected to the growth of the market in the forecast period.
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Meditation can be defined as a set of techniques that are intended to encourage a heightened state of awareness, focused attention and relieve stress. Meditation is also a consciousness- changing technique that has been shown to have a wide number of benefits on psychological well-being.
Meditation is a mind and body practice that has a long history of use for increasing calmness and physical relaxation, improving psychological balance, coping with illness, and enhancing overall health and well-being. Many studies have been conducted to look at how meditation may be helpful for a variety of conditions, such as high blood pressure, certain psychological disorders, and pain. A number of studies also have helped researchers learn how meditation might work and how it affects the brain.
Guided meditations are an excellent tool for beginners, as they provide a focal point and gentle instruction to help you connect and let go of self-judgment.
A growing number of people are affected with by the mental disorders which demand highly effective and advanced treatment to reduce the number of patients affected with mental disorders. The healthcare systems need highly effective apps and programs to alleviate the mental conditions of patients. Therefore, the major market players are highly focusing on app launches and product approvals. The increase research & development investment for innovative apps development and growing awareness about meditation in people have accelerated the need for meditation apps. The rising prevalence of mental disorders along with surging volume of mental disorders is also propelling the growth of the market
Fundamental Aim of this Market Report
- Factors influencing This Market Size and growth rate.
- Major alterations to this market in the near future.
- Notable Market rivals around the world.
- Future Scope and Product Outlook
- Future-promising emerging markets.
- The Market Presents Difficult Challenges and Threats.
Major players covered in the report are Smiling Mind, Inner Explorer Inc., Committee for Children, Stop, Breathe & Think PBC, Simple Habit, Inc., Calm, Headspace Inc., Inscape, Insight Network Inc., Waking Up, LLC, FeelVeryBien, s.a.s., MEDITOPIA, BetterMe, Aura Health, Sanity & Self, TEN PERCENT HAPPIER, Inward Inc, Portal Labs Ltd., MOBIO INTERACTIVE, MindfulnessEverywhere among others domestic and North America players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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North America Meditation Market Scope and Market Size
North America meditation market is segmented on the basis of product, meditation type, indication, type, age group, usage, information source and end use. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the North America meditation market is segmented into apps, websites, books, online courses, yoga centers, meditation programs, workshops. In 2022, apps, websites, books, segment is expected to dominate the market as these are easily accessible and user-friendly for beginners.
- On the basis of meditation type, the North America meditation market is segmented into progressive relaxation/body scan meditation, mindfulness meditation, breath awareness meditation, spiritual meditation/ transcendental meditation, zen meditation, kundalini yoga, and metta meditation. In 2022, progressive relaxation/body scan meditation segment is expected to dominate the market because progressive relaxation yields a variety of benefits, including the development of a feeling of well-being, lowered blood pressure, decreased muscle tension, thereby reducing the body’s need for oxygen and reducing fatigue and anxiety.
- On the basis of indication, the North America meditation market is segmented into mental condition (stress/ anxiety disorders/mood disorders/depression) and physical condition (pain/insomnia/asthma/substance abuse/pregnancy). In 2022, mental condition segment is expected to dominate owing rising prevalence of mental disorders.
- On the basis of type, the North America meditation market is segmented into open monitoring, focused attention, self-transcending meditation. In 2022, open monitoring segment is expected to dominate owing to benefits it renders to the user such as stress relief, better thinking, increased emotional intelligence, and the ability to overcome mental biases.
- On the basis of age group, the North America meditation market is segmented into adult and children. In 2022, adult segment is expected to dominate the market because relatively adults are gravitating more towards meditation practices as it provides a sense of calm, peace, and balance that can benefit both emotional well-being and the overall health.
- On the basis of usage, the North America meditation market is segmented into individual and group. In 2022, individual segment expected to dominate the market because it allows one to choose for the variables of one’s meditative practice: duration, space, and degree of silence.
- On the basis of information source, the North America meditation market is segmented into internet and books/newspaper/articles. In 2022, internet segment is expected to dominate the market owing to worldwide easy accessibility of the internet and the availability of plenty of information on the internet about different types of meditation.
- On the basis of end use, the North America meditation market is segmented into home setting, meditation centers, corporates/schools/colleges. In 2022, home setting segment is expected to dominate the market because of outbreak of coronavirus pandemic which restricted the outdoor movements and surging pool of mental disorders patients.
Key highlights of this Market report:
- Growth rate
- Remuneration prediction
- Consumption graph
- Market concentration ratio
- Secondary industry competitors
- Competitive structure
- Major restraints
- Market drivers
- Regional bifurcation
- Competitive hierarchy
- Current market tendencies
- Market concentration analysis
What benefits does the DBMR study is going to provide?
- Latest industry influencing trends and development scenario
- Open up New Markets
- To Seize powerful market opportunities
- Key decision in planning and to further expand market share
- Identify Key Business Segments, Market proposition & Gap Analysis
- Assisting in allocating marketing investments
Table of Contents:
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- Market Regulations
- Market Overview
Continued…
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Key Benefits of the Report:
- This study presents the analytical depiction of this industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of this market share.
- The current market is quantitatively analyzed to highlight the market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed this industry analysis based on competitive intensity and how the competition will take shape in the coming years.
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